Colorado Small Business Health Insurance

Pre-Existing Conditions

There are a number of reasons to consider purchasing small business health insurance. The first of which pertains to pre-existing conditions. In Colorado, insurers covering groups raging from 2 to 50 members are required by law to cover pre-existing conditions. If you are moving from one small business plan to another, the new group insurer must accept all on-going medical conditions.

If you are new to the Colorado small business health insurance market, and did not have prior coverage, the maximum pre-existing condition limitation, under Colorado state law, is six months. However, certain HMO products cover all medical conditions at the time the small business is approved, regardless of prior coverage. The key feature is full coverage for all on-going medical conditions.

Maternity

Colorado small business health insurance plans also cover maternity with no pre-existing condition limitations. This maternity coverage applies even if the individual did not have prior group or individual coverage. Unfortunately, this is not the case with individual, private plans.

Flexible Physician Networks

In addition to the points above, Colorado small business health insurance plans provide great flexibility with physician networks. In fact, many insurers offer groups a choice of two or more plans for their coverage. This feature gives employees a selection based on their individual budgets. There is no need to have a “one size fits all” mentality.

The small business health insurance market also offers a choice in terms of doctor networks. Employers can choose Health Maintenance Organizations (HMO’s), Preferred Provider Organizations (PPO’s), and Exclusive Provider Organizations (EPO’s). Each of these products is priced differently based on the level of discounts the insurers receive from the provider networks. All Colorado small business health insurance plans also cover 100% of the routine wellness visit costs.

Prescription Drug Coverage

Colorado small business health insurance plans also have excellent prescription drug coverage. Many name brand prescriptions are covered at a fixed co-payment, which may be just a fraction of the actual cost. Furthermore, most group insurers offer mail order services, which provide substantial discounts as compared to full retail prices. Typically a three-month supply is delivered to your residence.

Get a Quote

If you would like a Colorado small business health insurance quote, please fill out the simple form to the left, or give us a call. We look forward to assisting you with your Colorado small business health insurance needs.